Harley-Davidson Narrows Losses (HOG)

Harley-Davidson, Inc. HOG on Tuesday morning released its financial results. Harley-Davidson, Inc reported that its 4th quarter loss from continuing operations narrowed to $42.1 million, or 18 cents per share, from a loss of $147.2 million, or 63 cents per share, a year earlier. Harley-Davidson, Inc reported revenue of $917.07 million, up from $764.5 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of an expected loss of 30 cents per share, on revenue of $863.03 million. CEO Keith Wandell said, “In 2010, we expanded our international footprint, saw improvement in our motorcycle segment results driven by the restructuring of our operations and returned HDFS to solid profitability. A strong, financially sound Harley-Davidson is key to our ability to invest in the business and grow. While there is still hard work ahead and we remain cautious in our outlook, I am confident that we are positioning Harley-Davidson to succeed and deliver value for all our stakeholders into the future.” Harley-Davidson, Inc. (HOG) ended the previous trading session at $36.49 per share. Analysts covering the company's stock have a consensus price target of $37.10 per share. Read more from Benzinga's Company news.